Big Tech

U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade.

The U.S. will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report.

Bloomberg reported that antitrust officials with the U.S. Department of Justice will ask for a sell-off of Chrome and a shake-up of other aspects of Google's business in court today.

Australia's prime minister on Nov. 7 vowed to ban children under 16 from social media, saying the pervasive influence of platforms like Facebook and TikTok was "doing real harm to our kids."

The tech giants would be held responsible for enforcing the age limit and face hefty fines if regulators notice young users slipping through the cracks, Prime Minister Anthony Albanese said.

Apple reported revenues that narrowly surpassed analyst expectations as it enjoyed a boost from iPhone sales.

The company saw quarterly revenue of $94.9 billion in the three months ending September 28, up from the same period last year.

Revenue in greater China, however, showed weakness, falling slightly from the same period a year earlier to $15 billion.

As throat-cut competition heating up to get ahead of their rivals, Microsoft and Meta are spending big in developing AI technologies, some investors are asking if that much spending is worth it.

A U.S. judge has ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant.

The order is the result of Google's defeat in an antitrust case brought by Fortnite-maker Epic Games, where a California jury decided that Google wields illegal monopoly power through its Android Play store.

The financing of international and domestic investors to Greek-owned startup companies has broken the barrier of $1 billion from the beginning of the year until today, about three months before 2024 expires.

EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe's top court backed her crackdown against Apple's Irish tax deal and Google's anti-competitive practices in two landmark cases.

Google faces its second major antitrust trial in less than a year on Monday, with the U.S. government accusing the tech giant of dominating online advertising and stifling competition.

The trial in a federal court in northern Virginia follows a separate case where a judge last month found Google's search business to be an illegal monopoly.

Microsoft has said it would rake in less revenue than expected from its cloud computing unit, which could risk breaking investor confidence that it can reap quick benefits from investments in AI.